molycorp inc (MCP:New York Consolidated)
molycorp inc (MCP) Snapshot
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Open
$6.58
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Previous Close
$6.56
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Day High
$6.77
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Day Low
$6.51
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52 Week High
06/20/12 - $23.29
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52 Week Low
04/17/13 - $4.70
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Market Cap
1.2B
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Average Volume 10 Days
17.4M
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EPS TTM
$-0.72
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Shares Outstanding
188.6M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
molycorp inc (MCP) Related Businessweek News
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Molycorp, Inc. produces and sells rare earth and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, including rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, neodymium, praseodymium, and yttrium; heavy rare earth concentrates, which include samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of proprietary rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, glass polishing, automotive, water purification, and energy efficiency lighting applications. This segment also owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth elements deposits in San Bernardino County, California. Its Chemicals and Oxides segment produces REO, salts of rare earth elements, zirconium-based engineered materials, and mixed rare earth/zirconium oxides for various applications, such as catalytic converters, computers, television display panels, optical lenses, mobile phones, electronic chips, and others. The company’s Magnetic Materials and Alloys segment produces Neo Powders for use in micro motors, precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, other specialty alloy products, and rare earth metals for use in computing, automotive, aerospace, health care, industrial motors, wind power generation, defense technologies, battery technologies, consumer electronics, and home appliance markets. Its Rare Metals segment produces, reclaims, refines, and markets gallium, indium, rhenium, tantalum, and niobium for use in wireless technology, light-emitting diode, flat panel display, turbine, solar, catalyst, steel additive, electronics, and other applications. The company sells its products directly to customers, as well as through distributors. Molycorp, Inc. was founded in 2010 and is headquartered in Greenwood Village, Colorado.
molycorp inc (MCP) Top Compensated Officers
molycorp inc (MCP) Key Developments
Molycorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company posted revenue of $146,367,000 against $84,470,000 a year ago. Operating loss was $59,667,000 against $545,000 a year ago. Loss before income taxes and equity earnings was $71,445,000 against $5,434,000 a year ago. Net loss was $46,405,000 against $3,478,000 a year ago. Net loss attributable to Molycorp stockholders was $47,223,000 or $0.33 basic and diluted per share against $3,478,000 or $0.07 basic and diluted per share a year ago. Net cash used in operating activities was $36,628,000 against net cash generated in operating activities was $16,027,000 a year ago. Capital expenditures were $181,103,000 against $206,463,000 a year ago. LBITDA was $37,135,000. Adjusted EBITDA was $7,051,000. On an adjusted non-GAAP basis, the company had a loss of $0.15 per share. The company reiterates its expectation that its financial performance for the first half of 2013 will be weaker than the second half of 2012. This is due to typical seasonality resulting in slow rare earth sales in the first quarter, combined with the expectation that its Molycorp Mountain Pass facility will not achieve full-scale commercial production until mid-year 2013. For the remainder of 2013, the company estimates that its cash capital expenditures will total approximately $250 million. Approximately $80 million of additional cash capital expenditures related to the Molycorp Mountain Pass facility modernization and expansion project are anticipated to be incurred in 2014, including discretionary expenditures required to expand production beyond the initial planned annual run rate of 19,050 mt, if and when market demand, product pricing, capital availability and financial returns justify such production.
Molycorp, Inc., Q1 2013 Earnings Call, May 09, 2013
Molycorp, Inc. announced that they will report Q1, 2013 results After-Market on May 09, 2013
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Industry Analysis
MCP
Industry Average
| Valuation | MCP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.7x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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